Halliburton Deflates Hopes For 'Basic' Reform

Law360, New York (June 23, 2014, 10:03 PM EDT) -- The U.S. Supreme Court's Monday decision to only tweak securities class actions came as little surprise to law professors who urged the court to do more, but they still walked away with a sense of lost opportunity when the justices essentially said it was up to Congress to reform the system.

As many expected, the long-awaited unanimous opinion on Halliburton Co. et al. v. Erica P. John Fund did not toss the cornerstone of securities class actions that the high court established more than a quarter-century...